Fmr LLC Buys 44,351 Shares of Hawkins, Inc. (NASDAQ:HWKN)

FMR LLC boosted its stake in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 20.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 256,245 shares of the specialty chemicals company's stock after buying an additional 44,351 shares during the period. FMR LLC owned about 1.23% of Hawkins worth $32,663,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC boosted its position in shares of Hawkins by 8,633.3% in the third quarter. Larson Financial Group LLC now owns 262 shares of the specialty chemicals company's stock worth $33,000 after buying an additional 259 shares during the period. GAMMA Investing LLC boosted its position in Hawkins by 71.8% during the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company's stock worth $51,000 after acquiring an additional 168 shares during the period. Farther Finance Advisors LLC grew its stake in Hawkins by 289.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company's stock valued at $59,000 after acquiring an additional 347 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Hawkins in the 3rd quarter valued at about $100,000. Finally, USA Financial Formulas lifted its position in shares of Hawkins by 35.1% in the third quarter. USA Financial Formulas now owns 885 shares of the specialty chemicals company's stock worth $113,000 after purchasing an additional 230 shares in the last quarter. 69.71% of the stock is owned by hedge funds and other institutional investors.

Hawkins Stock Down 0.7 %

HWKN traded down $0.99 during trading on Monday, reaching $134.22. 79,555 shares of the stock traded hands, compared to its average volume of 126,817. The stock's 50-day simple moving average is $126.03 and its two-hundred day simple moving average is $112.78. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.27 and a quick ratio of 1.39. Hawkins, Inc. has a fifty-two week low of $54.44 and a fifty-two week high of $138.86. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 34.58, a price-to-earnings-growth ratio of 4.69 and a beta of 0.83.

Hawkins (NASDAQ:HWKN - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.02). Hawkins had a net margin of 8.74% and a return on equity of 19.64%. The firm had revenue of $247.03 million for the quarter, compared to analyst estimates of $259.59 million. As a group, equities research analysts expect that Hawkins, Inc. will post 4.12 EPS for the current year.

Hawkins Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Friday, November 15th. Hawkins's dividend payout ratio is 18.41%.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reaffirmed a "neutral" rating and set a $122.00 price objective on shares of Hawkins in a research report on Thursday, October 31st.

Hawkins Profile

Hawkins, Inc operates as a specialty chemical and ingredients company in the United States. It operates through three segments: Industrial, Water Treatment, and Health and Nutrition. The Industrial segment offers industrial chemicals, products, and services to agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries.